Rise In Longterm CD Rates

Hi, I am a business reporter. Over the past few months, several banks have raised rates of long term CDs, especially 5-year CDs. I am keen to speak to a few depositors for your views on the rate changes, will it or has it prompted you to shift your money into long term CDs?

I am keen on speaking to depositors about whether the rise in long term CD rates has/will prompt them to invest or if they are not enthused by these rate increases. I may or may not quote depositors in the story but would be grateful to hear from you at sjacob19[at]bloomberg[dot]net.Thanks.

paoli2 | Mar 3, 2014 | 2,227 posts since 2011Reporter: What rise in interest rates? Please do share where they are because all the regulars I use have lowered their rates. We had a discussion about this yesterday on DA since some of our posters have CDs maturing. I'd love to know where the higher rates are. Thanks!

paoli2 | Feb 26, 2014 | 2,227 posts since 2011Seems to me you can get the answers to your question by taking the time to read certain threads. The posters are discussing your topic and sharing what they are personally doing with their money. You can get many pros and cons for long term CDs this way instead of depending on one or two posters who may or may not be willing to discuss this with you. This is the way a lot of us learn what the others are doing. Follow the threads.

Reporter | Feb 26, 2014 | 3 posts since 2014Thanks for your reply. I need to speak to specific depositors about whether the rate increases have/will prompt them to invest in longterm CDs so that I could name them in a story.